- Consider the individual needs of the person with the disability
- Plan for how your money can support a dependant over their lifespan
- Implement safeguarding measures to protect against predatory behaviour
Providing financially for a disabled dependant presents its own unique investment challenges. If you are looking to support a dependant who has either physical or mental disabilities, your concerns may range from maximising your investments in order to meet care costs, to protecting the person you are supporting from financial exploitation.
How a dependant will fare once you have passed away is also a concern. In last week’s Portfolio Clinic, we looked at how a reader could invest his portfolio to provide for his autistic grandson over their lifetime. While each set of individual circumstances will differ, there are general principles you can follow if you wish to provide for others, and to maximise your investments to best support them both during your life and after.